[FredZarguna]

Not the first time Hawaii has tried Actual Voodoo (read: Leftist) Economics. Some time back they decided gasoline was too expensive, so they instituted a price cap: it actually caused prices to skyrocket.

The effect of this law will be to impoverish Hawaii. Working people who can leave will do so, very wealthy people will stay but find ways to hide their income outside of the state, and revenues will crash. The people of Hawaii won't learn anything from the debcale (they never have) and the libtards will redouble their efforts.

In Hawaii, $100,000 isn't a lot of money, and if you have a serious medical emergency $25,000 is a very low cap on deductions. So much for "rebuilding the middle class," or "compassion."

[Clairity]

The really scary thing is that this is what Obama wants to do to the whole country.

Destroy real estate, and the economy completely, destroy charities, so everyone will be dependent on the government.

“the largest dollars in President Barack Obama’s proposed deficit-reducing tax hikes ($293 billion over ten years) come from limiting the value of itemized tax deductions claimed by the better off.”